An anonymous director reports

CHORUS AVIATION COMPLETES ACQUISITION OF SIX REGIONAL AIRCRAFT

Chorus Aviation Inc. has completed a portfolio transaction between Chorus Aviation Capital and Elix Aviation Capital for six regional aircraft. The transaction had previously been announced on Feb. 21, 2019.

The portfolio of six aircraft consists of two ATR72-600 aircraft on lease to Azul Airlines of Brazil, two Q400 aircraft on lease to Ethiopian Airlines and two Q400 aircraft on lease to Jambojet of Kenya.

With these acquisitions, Chorus Aviation Capital's portfolio of leased regional aircraft (inclusive of five transactions pending completion) has reached 40 aircraft, comprising 28 turboprops and 12 regional jets valued at approximately $860-million (U.S.).

About Chorus Aviation Capital

Established in 2017, Chorus Aviation Capital currently has relationships with 12 regional airlines based in 12 countries. The company is focused on building a portfolio of new and midlife regional aircraft while leveraging the synergies inherent among its affiliated companies to provide a full suite of regional aviation services.

About Chorus Aviation Inc.

Chorus's vision is to deliver regional aviation to the world. Chorus has been leasing its owned regional aircraft into Jazz's Air Canada Express operation since 2011 and established Chorus Aviation Capital to become a leading, global provider of regional aircraft leases.

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